08/14/2013 Live Update

[Cobra]

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The pullback made price overlap so it implies the rebound we had was not strong, we're stuck in a range. It doesn't say the rebound was over though, need wait and see.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2013/08 ... ay-update/

[fehro]

SPX 15m, 60m. Retest bullish falling wedge on 60m, or is this the right shoulder? MInd the minor unfilled gap yesterday SPX 15m around 1691ish

[TraderGirl]

On the daily chart, yesterday SPY attempted to break out of triangle...now backtesting....needs to hold or it heads lower....

[fehro]

SPX 15m yesterday's gap filled

[Cobra]

Double Top target.

[fehro]

retesting SPX 60m wedge..

[TraderGirl]

Potential H&S today could be an inflection point....

[Cobra]

members only update at 10:01 am
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[Cobra]

if bears cannot push down then I read it as bull flag, the bias is up.

[TraderGirl]

AAMRQ...look at these suckers scrambling to get out of this thing...there was a p-bar down to $2.18...I only wish I had shorted...

[TraderGirl]

AAPL...with this count it's possible for a pullback soon...

[TraderGirl]

I cannot say how much AAPL will retrace...but I believe it has another leg down at some point....

[Mr. BachNut]

Neutral. Closed remainder of short yesterday. The campaign yielded a few peanuts.

Things are getting weird for me.
My summation index signal is down, had been improving for a few days but deteriorated yesterday.
My composite trend indicator signal is up, had been deteriorating for a few days but improved yesterday.
It's just bananas.

I stepped to the sidelines amidst the chop and noise.
Perhaps this will be a shakeout I'll regret later, but this is not a good trading environment for me.
I may reload short at higher prices if my summation signal holds firm or on a clear breakdown.
Otherwise, I'll look for cleaner signaling after OPEX.

[Cobra]

members only update at 10:18 am
http://www.cobrasmarketview.com/2013/08 ... ay-update/

[parker]

))
http://www.youtube.com/watch?v=ucv5Daxqlhw

[TraderGirl]

I posted this chart when it was at the lows indicating gold and miners could bounce...now I think it's possible to be where the arrow is ready for a pullback...

[fehro]

SPX 15m... if we bounce from here, you could draw a line up and have a bearish rising wedge.... if not red channel

[Al_Dente]

Yesterday CNBC reported a “cluster of Hindenburg Omens”
("6 Omens in the last 8 trading sessions")

[Cobra]

double top target reached. wait to see if this morning dip will be bought again.